Junius Kellogg, a standout 6 ft 8 in (2.03 m) Manhattan College center, was offered a $1,000 bribe to shave points before a game against DePaul. Although he was working for minimum wage at a frozen custard shop near campus, he refused to take the money and reported the solicitation to his coach, Ken Norton. Norton sent him to the District Attorney. To get evidence about the corruption, he wore a wire when he was again approached in a nearby bar.[4] The scandal first became public when New York City District AttorneyFrank Hogan arrested seven men on charges of conspiring to fix games on February 18, 1951. Those taken into custody included All-America forward Ed Warner, center Ed Roman, and guard Al Roth, the three stars of CCNY's five that won both the NIT and NCAA tournaments, still the only such double in history. The police had set up an undercover, or "sting", operation.[5] The arrests were made in Penn Station when the players returned to New York from Philadelphia, after CCNY had defeated Temple, 95–71. In all, 32 players from seven colleges admitted to taking bribes between 1947 and 1950 to fix 86 games in 17 states.[4]Jack Molinas would not be caught in 1951, but after he was suspended for gambling by the NBA, he would be linked back to the 1951 scandal by betting on his then college team, Columbia University.[6]

The scandal had long-lasting effects for some of the individuals involved, as well as college basketball itself. Long after the scandal was over, coaches would warn their players what could happen to their lives if they chose to make some "fast money" now.[7]

While Kentucky was forced to cancel one season of play (1952–53), it was the only program that was not permanently hobbled by the scandal. To date, Bradley is the only other affected school to have appeared in a final major media poll. However, none of the programs would suffer more than CCNY and LIU. Following the discovery of several other irregularities, CCNY deemphasized its athletic program and dropped down to what is now Division III. LIU shut down its entire athletic program from 1951 to 1957, and didn't return to Division I until the 1980s.

In 1998, George Roy and Steven Hilliard Stern, Black Canyon Productions, and HBO Sports made a documentary film about the CCNY Point Shaving Scandal, City Dump: The Story of the 1951 CCNY Basketball Scandal, that appeared on HBO.[8][9]

The story is also detailed in The First Basket, the first and most comprehensive documentary on the history of Jews and basketball.

The scandal is referenced by fictional New Jersey mobster Corrado "Junior" Soprano, on the HBO series, The Sopranos, during the episode "Rat Pack", which was the second episode of the fifth season, first broadcast on March 14, 2004. It was actually mentioned by Bobby Bacala. He received a phone call that Carmine had died. He then said it was Carmine who invented point shaving. Junior piped in about Ccny vs Kentucky